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Iraq is unable to increase oil exports in response to the surge in global oil prices and Russia-related supply disruptions, Deputy Prime Minister Ali Allawi said April 19 during a visit to Washington, exacerbating the ability of OPEC+ to boost its output to compensate for production shortages that have helped lift prices to nearly $140/b. ...
Iraqi Oil Ministry said on Thursday that pumping excessive quantities of oil could lead to a "collapse" in prices. Speaking to the Iraqi News Agency (INA), ministry spokesman Assem Jihad pra...
Iraq plans to increase oil production to eight million barrels per day (BPD) by the end of 2027, Iraqi Oil Minister Ihsan Abdul Jabbar told the Iraqi news agency (INA). The oil ministry’s spokesman, Assem Jihad, also told INA that oil-producing countries reconsidered their plans because of the challenges facing the oil market. “The increases ...
Bomb attack on Bay Hassan oilfield outside Kirkuk killed at least one policeman, Interior Ministry says